Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

June 27, 2024
To whom it may concern:
Company name:
Furukawa Co., Ltd.
Name of representative: Minoru Nakatogawa,President and Representative Director(Securities code: 5715; TSE Prime Market)
Inquiries:
Atsushi Takano,
Senior Executive Officer and General
Manager, Human Resources & General
Affairs Department(Telephone: +81-3-6636-9500)
Notice Concerning Disposal of Treasury Share as Restricted Share Compensation
Furukawa Co., Ltd. (the “Company”) hereby inform that, at the meeting of the Board of Directors held today, theCompany has decided to dispose of its treasury share (hereinafter referred to as the "Disposal of Treasury Share ")as Restricted Share Compensation. The details are as follows.
1. Outline of Disposal(1) Disposal dateJuly 25, 2024
(2) Class and number of shares to be disposed
19,914 shares of common stock of the Company(3) Disposal price¥1,868 per share(4) Total value of the disposal¥37,199,352(5) Allottees and number thereof, number of shares to be disposed
Directors (excluding outside directors): 6; 19,914 shares
2. Purpose and reasons for the disposal
At the Board of Directors meeting held on April 30, 2024, the Company has resolved to introduce a restricted
share compensation plan (hereinafter referred to as the "Plan") as a new compensation system for the Company's
directors (excluding outside directors; hereinafter referred to as "Eligible Directors") with the aim of providing
incentives to Eligible Directors to sustainably increase our corporate value and to promote value sharing further
with our shareholders.
In addition, at the 157th Annual Shareholders’ Meeting held on today, the Company has received approval basedon this Plan: (1) to pay monetary compensation claims as the compensation for providing Restricted Share within
the compensation limit of the Directors (the annual amount within ¥320 million (including up to ¥40 million foroutside directors, however, not including employee salaries of directors who also serve as employees)) which wasapproved at the 150th Annual Shareholders’ Meeting held on June 29, 2017, (2) to set the total amount of themonetary compensation claims to be paid to Eligible Directors not exceeding ¥50 million per year (however, notincluding employee salaries of directors who also serve as employees), (3) that the Company common stock to
be issued or disposed by the Company is up to 50,000 shares per year, and (4) to set a transfer restriction period
of Restricted Share for a period of 30 years (However, if a Eligible Director resigns for justifiable reasons during
the transfer restriction period of Restricted Share, the restriction is removed subject to the condition that theEligible Director has been a Director of the Company continuously during the period of service predeterminedby the Board of Directors, etc.
The outline of this Plan is as follows.

[Outline of the Plan]The Eligible Directors will pay in all of the monetary compensation claims provided by the Company under thisPlan as property contributed in kind, and will receive the issuance or disposition of the Company's common stock.
The amount to be paid per share shall be determined by the Board of Directors to the extent that the amount is notparticularly advantageous to the Eligible Directors, who subscribe for the common stock and to be based on theclosing price of the Company's common stock on the Tokyo Stock Exchange on the business day preceding the dateof each Board of Directors resolution (or, if no transaction has been conducted on the same day, the closing priceon the most recent trading day preceding the transaction). The specific timing and allocation of payments to each
Eligible Director will be determined by the Board of Directors based on the deliberations of the Nomination andRemuneration Committee, whose principal members are independent outside directors.
In addition, when issuing or disposing of the Company's common stock under this system, the Company and theEligible Directors shall enter into a restricted share allotment agreement, which includes: (1) Eligible Directors areprohibited from transferring to a third party, the creation of a security interest, or any other disposition of theCompany's common stock that has been allocated under the restricted share allotment agreement(hereinafterreferred to as the "Allotted Shares"); and (2) In occurring the certain event, the Company shall acquire the AllottedShares, free of charge.
At a meeting of the Board of Directors held today, the Company resolved to grant a total of ¥37,199,352 monetarycompensation claims (hereinafter referred to as the “Monetary Compensation Claims”) to the six Eligible Directors,
and dispose of the 19,914 Treasury Shares (common stock) held by the Company, taking into consideration thepurpose of the Plan, the Company’s business conditions, the scope of responsibilities and contribution of each
Eligible Director and various other circumstances, as well as the deliberations of the Nomination and Remuneration
Committee, whose principal members are independent external directors.
Under the Disposal of Treasury Share, the six Eligible Directors to whom the allotment is scheduled will pay all of
the monetary compensation claims against the Company as property contributed in kind, and will receive disposalof the Allotted Shares. A summary of the restricted share allotment agreement (hereinafter referred to as the"Allotment Agreement") to be concluded between the Company and the Eligible Directors in this Disposal ofTreasury Share is set out in 3. below.
3. Overview of Allotment Agreement(1) Transfer restriction period
From July 25, 2024 (hereafter referred to as the “Disposal Date” to July 25, 2054
(2) Conditions and timing of removal of transfer restrictions
Provided that the Eligible Directors continued to hold the position of a director of the Company during theperiod from date of commencement of execution of duties to the time immediately preceding the conclusion of
the first Annual Shareholders’ Meeting to be held (hereafter referred to as the “Service Period”), all of theAllotted Shares will be removed of the transfer restrictions at the expiration of transfer restriction period.
However, if the Eligible Director resigns from his/her position as a director of the Company due to the expirationof his/her term of office, death or other justifiable reasons during the transfer restriction period, the transfer
restriction shall be removed as of the time immediately following such resignation.
(3) Treatment of removal of transfer restrictions in the event that the Eligible Director resigns due to the expirationof his/her term of office, death or other justifiable reason during Service Period(i) Timing of removal of transfer restrictions
If an Eligible Director resigns due to the expiration of his/her term of office, death or any other justifiablereason, the restriction on transfer shall be removed as of the time immediately following such resignation.
(ii) Number of shares subject to removal of the transfer restriction
Number of shares shall be calculated by multiplying the number of Allotted Shares held at the time of theresignation referred to in (i) above by the number of months from the month containing the Disposal Dateto the month containing the resignation date of the Eligible Director divided by 12 (provided that fractionsof less than 1 share generated as the calculation result shall be rounded down)(4) Free acquisition by the Company
The Company will naturally acquire the Allotted Shares for which the transfer restrictions are not removed atthe expiration of the transfer restriction period or at the time the transfer restrictions are removed as specified in(2) or (3) above, free of charge.

(5) Treatment during reorganization, etc.
During the transfer restriction period, if matters related to a merger agreement in which the Company becomesa dissolved company, a stock exchange agreement in which the Company becomes a wholly owned subsidiary,
a stock transfer plan, and other organizational restructuring, etc. are approved by the General Meeting ofShareholders (or the Board of the Directors meeting if the approval is not required in the General Meeting ofShareholders), the number of transfer restriction of shares shall be calculated by multiplying the number ofAllotted Shares held at the relevant time by the number of months from the month containing the Disposal Dateto the month containing such approval date divided by 12 (provided that if the number is above 1, 1 shall beused) shall be removed by a resolution of the Board of Directors at the immediately preceding the one business
day before the effective date of organizational reorganization etc. Additionally, immediately after the transferrestrictions are removed, the Company will naturally acquire all of the Allotted Shares for which the transferrestrictions have not been removed, free of charge.
(6) Stock management
During the transfer restriction period, the Allotted Shares will be managed in a dedicated account opened by theEligible Directors at Nomura Securities Co., Ltd., so that they cannot be transferred, set up a security interest,
or otherwise disposed of during the transfer restriction period. In order to ensure the effectiveness of transfer
restrictions, etc. related to the Allotted Shares, the Company has entered into an agreement with Nomura
Securities Co., Ltd. regarding the management of accounts for the Allotted Shares held by each Eligible Director.
In addition, the Eligible Directors shall agree to the details of the management of the relevant account.
4. Basis for calculating the payment amount and its specific details
This Disposal of Treasury Share to the scheduled allottee will be carried out using the monetary compensation
claims provided as Restricted Share Compensation for the Company's 158th fiscal year under this as property
contributed in kind. Regarding the disposal price, in order to eliminate arbitrariness, the closing price of theCompany's common stock on the Tokyo Stock Exchange prime market on June 26, 2024 (the business day before
the date of the Board of Directors' resolution) was determined as ¥1,868. The Company believe that this is areasonable price and does not constitute a particularly advantageous price.